Wealth is redistributed from creditors to debtors when inflation is a. unexpectedly low. b. unexpectedly high. c. low, whether i

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pav-90 [236]

2 years ago

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Wealth is redistributed from creditors to debtors when inflation is a. unexpectedly low. b. unexpectedly high. c. low, whether i

t is expected or not. d. high, whether it is expected or not.

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1 answer:

Olegator [25] · Answer 1 · 2023-09-09T11:11:31+03:00

Wealth is redistributed from creditors to debtors when inflation is unexpectedly high.

<h3>What is inflation?</h3>

Inflation is when there is a persistent rise in the general price levels of goods and services. When inflation is unexpectedly high, the inflation is not priced into the amount of interest that a creditor expects from a debtor. This leads to wealth been redistributed from creditors to debtors.

To learn more about inflation, please check: brainly.com/question/15692461

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